Former Convergent CEO David Zier took out a life insurance policy that later reimbursed investors in his outside fund, sources say.
High-functioning advisory teams embrace practices also used in many C-suites
New platform aspires to be an alternatives outsource for financial advisers.
As more Americans demand online billing, some advisers are kicking the tires of mobile payment systems such as PayPal and finding benefits and drawbacks.
Only one out of every three firms have a formal referral process, despite referrals accounting for the lion's share of new business.
The clearing and custody giants have followed B-Ds by suspending sales of nontraded REITs controlled by Nicholas Schorsch, presenting another potential blow to the real estate czar's business.
Firm accuses Tampa, Fla.-based Camelot Wealth Management, formed earlier this year by a former branch manager, of unlawful practices in hiring two former Schwab advisers.
Strong market performance keeps most clients and advisers in place. Check out our <a href="http://data.investmentnews.com/aotm/" target="_blank">database</a> to see who's moving where.
The Olympians at Sochi have this. Peyton Manning has this. Top performers from around the world in sports, music, and even business have this. Most financial advisers should have this, but they do not. What is it?
Start the week off with <i>Breakfast with Benjamin</i>, featuring an adviser pulling a Ponzi scheme on his own mother. Plus: JPMorgan settles with mineral-rights owners, becoming a 'financial catch,' and using dividend stocks to be like Warren Buffett.
'Home-grown' advisers will open office to serve new millionaires with little investing experience.
Fidelity takes an opportunity to steal some of Charles Schwab's spotlight during the Impact conference, bombarding attendees with its own marketing assault.
Patent infringement claims against Financial Engines means plan sponsors should be vigilant and ready to reassure plan participants.
The firm is teaming up with Fidelity to transition around 100 firms.
Deal stirs concerns that Fidelity may cut off other custodian's access to popular software.
Today's <i>Breakfast with Benjamin</i> on hedge funds owning $16 billion in Puerto Rican muni bond debt, the scary similarities between advisers and psychics, why deep-water drilling looks like a bargain, and more.
Rudy Adolf's firm has completed 23 RIA and broker lift-out transactions this year.
Former rep purchased office equipment through the firm's order system without authorization, then sold them to individuals, Finra alleged.
Launching its own online advice platform, Charles Schwab is aiming to make low-cost, web-based advice even cheaper, but some industry watchers say it could rankle advisers who keep assets with the custodian.
